[OPE-L:3325] Re: Re: Re: Re: Re: Measurement of value

From: Patrick L. Mason (pmason@garnet.acns.fsu.edu)
Date: Wed May 24 2000 - 18:56:21 EDT

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Mike, I'm not clear on what you mean.

At 02:59 PM 5/24/00 -0700, you wrote:
>Dear Patrick,
>With what I can have put much faith with in of the kind of measurement that I
>think you're suggesting. Just think about the sort of measurement
problems that
>Robert Gordon has been harping on the regarding the computer sector. The
issue of
>is not so much a matter of aggregation but the flow of capital value to the
>production of computers and into the value of the products to which the
>"Patrick L. Mason" wrote:
>> Mike,
>> Back-of-the-envelop techniques are to be preferred to sophisticated
>> techniques? Why? Moreover, one person's back-of-the-envelop is another
>> person's sophisticated technique. Techniques have to be selected on the
>> basis of their appropriateness for the problem at hand. In any case, the
>> real empirical issue I-O systems measure of value isn't technique, but the
>> algorithm for industry aggregation.
>Michael Perelman
>Economics Department
>California State University
>Chico, CA 95929
>Tel. 530-898-5321
>E-Mail michael@ecst.csuchico.edu

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